RISMEDIA, March 5, 2007-Century 21 Real Estate LLC has announced that it has signed a master franchise agreement to open Century 21R franchises in the Baltic States encompassing Estonia, Latvia and Lithuania.
Joan Moreau, the principal investor, will serve as managing director of CENTURY 21 Baltics and will be supported by a diverse team of European real estate entrepreneurs and financial advisors from several of the world's largest investment banks.
"The addition of the Baltic States to the Century 21 System is a tremendous step for this brand, and we look forward to growing our presence even further in this rapidly expanding area of the world," said Tom Kunz, president and CEO, Century 21 Real Estate LLC. "Century 21 has made international growth one of its key initiatives, and establishing this agreement is another positive step in our growth."
"Working with Century 21 Real Estate LLC has been a pleasure," said Joan Moreau. "The Century 21 brand represents 35 years of success and a very strong network, especially throughout Eastern Europe and Russia. The support of the Century 21 System has been tremendous, and we look forward to opening our first real estate offices in this region in the near future."
The agreement with Century 21 Baltics represents a further expansion into Eastern Europe for the brand. In 2006, Century 21 Real Estate LLC established a master franchise agreement in Romania to create Century 21 Romania and opened its first offices affiliated with Century 21 Bulgaria.
The Baltic States are members of the European Union and World Trade Organization and the real estate markets in these are in a post-boom phase and maturing at a steady rate.
For more information, visit www.century21.com.